Market Overview for Polymesh/Turkish Lira (POLYXTRY)

Summary
• Price surged from 2.04 to 3.04 TRY with strong volume acceleration in morning ET.
• RSI hit overbought territory near 80, signaling potential pullback risk.
• Bollinger Bands expanded sharply in late morning, indicating rising volatility.
• Large bullish engulfing pattern formed between 0915 and 0930 ET, confirming strength.
• Turnover spiked to $41m at 0930 ET, aligning with price breakout above 2.6 TRY.

At 12:00 ET on 2025-12-22, Polymesh/Turkish Lira (POLYXTRY) opened at 2.04 TRY, reached a high of 3.04 TRY, and closed at 2.69 TRY after a volatile 24-hour period. Total volume traded was 72,976,053.3 units, with a notional turnover of approximately $189.8 million.

Structure & Moving Averages

The 5-minute chart revealed a powerful breakout from a consolidation range between 2.04 and 2.27 TRY, breaking decisively above 2.58 TRY. A 20-period EMA crossed the 50-period EMA positively, suggesting bullish momentum. On the daily chart, POLYXTRY appears to be testing the 50-day EMA, currently at 2.45 TRY, with a likely next level at the 200-day MA of 2.31 TRY.

Momentum and Oscillators

The MACD histogram showed a strong positive divergence during the 0915–1000 ET window, matching the sharp price rise to 3.04 TRY. The RSI peaked at 82, entering overbought territory, suggesting a possible near-term correction unless volume continues to support the rally.

Volatility and Volume

Bollinger Bands widened significantly between 0915 and 0945 ET, reflecting rising volatility. The volume spike at 0930 ET was over 14.8 million units, coinciding with a price surge to 2.6 TRY, confirming the breakout. Notably, despite the rise, the volume in the afternoon began to taper, which could indicate waning follow-through.

Fibonacci Retracements

Applying Fibonacci to the 5-minute swing from 2.04 to 3.04 TRY, key retracement levels are 2.69 (61.8%), 2.54 (50%), and 2.45 (38.2%). POLYXTRY has held above the 61.8% level so far, suggesting strong near-term bullish conviction.

Over the next 24 hours, POLYXTRY may face early resistance at 2.75 TRY and support at 2.61 TRY. A break above 2.75 TRY could trigger further upside, while a close below 2.61 TRY may invite a retest of the 2.45–2.54 TRY range. Investors should remain cautious of potential overbought conditions and watch for divergence in volume.